§ 5-507. Investment in one person

Latest version.

   (a) Scope of section. -- This section does not apply to:

   (1) policy loans made under this subtitle; or

   (2) general obligations of the United States, Canada, or a state.

(b) Limitation on amount. -- Unless the Commissioner approves, a life insurer may not have at one time any combination of investments in or loans on the security of the obligations, property, or securities of one person in an aggregate amount exceeding 10% of the admitted assets of the life insurer.

HISTORY: An. Code 1957, art. 48A, § 92; 1995, ch. 36.

                    
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